According to June 2025 statistics, condos in buildings over 30 years old are spending an average of 62 days on the market—significantly less than the 79 days seen in buildings 29 years old or newer. Meanwhile, luxury condominium sales priced at $1 million and up increased by 6.4% year-over-year in June 2025.
With an average of three known luxury residences per individual, these influential homeowners represent significant opportunities across real estate, luxury services and wealth management sectors.
The South Florida condo market is cooling due to rising inventory and shrinking demand. Across the region, sellers are struggling to offload units as prices drop—yet in Miami, condo values are holding steady. However, the market isn’t immune to broader headwinds.
The ordinance, approved on first reading by Miami City commissioners, is intended to help the city align with Miami-Dade County’s rapid transit zoning policies and Florida’s Live Local Act. However, critics described the initiative as favoring developers over neighborhoods.
In a newly published interview, billionaire founder of Citadel praised Miami’s energy and outlook.
A sweeping proposal could significantly increase development near Miami Metrorail stations and other major transit centers. Under the first phase of the plan, as outlined by city planning officials, certain properties currently capped at five stories could see high-rises up to 12 stories tall. In some areas, density could more than double.
As Miami continues to grow, this upcoming development promises to be a significant addition to its dynamic cityscape.
As Miami solidifies its reputation as the “Wall Street of the South,” institutions are stepping up to meet the needs of global clients navigating this dynamic landscape.
According to the Miami-Dade County Property Appraiser’s Office, the countywide taxable value for 2025 increased by 10.7%, reaching approximately $471.5 billion. While this represents a significant sum, it is a deceleration compared to the 12.7% growth recorded in 2024.
The newly opened retail and dining spaces of Miami Worldcenter marks a major milestone in the $6 billion development—now the second-largest urban mixed-use project underway in the U.S., second only to New York’s Hudson Yards. Partners plan to continue with billions of dollars of development.